Glencore (LON:GLEN) Price Target Raised to GBX 670 at Citigroup

Glencore (LON:GLEN) had its target price raised by Citigroup from GBX 620 to GBX 670 in a research report report published on Monday,Digital Look reports. The firm currently has a buy rating on the natural resources company’s stock.

A number of other equities research analysts have also recently commented on the company. Royal Bank Of Canada increased their target price on Glencore from GBX 530 to GBX 540 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Berenberg Bank lowered their target price on Glencore from GBX 610 to GBX 600 and set a “buy” rating on the stock in a report on Thursday, March 5th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 528.

Glencore Price Performance

Shares of LON:GLEN opened at GBX 564.10 on Monday. The business’s fifty day moving average price is GBX 525.47 and its two-hundred day moving average price is GBX 438.19. The stock has a market cap of £66.09 billion, a PE ratio of 188.03, a price-to-earnings-growth ratio of 0.43 and a beta of 0.55. The company has a debt-to-equity ratio of 109.99, a quick ratio of 0.32 and a current ratio of 1.06. Glencore has a one year low of GBX 237.88 and a one year high of GBX 577.26.

Glencore Company Profile

Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities that advance everyday life. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that support decarbonisation while meeting the energy needs of today.
With over 150,000 employees and contractors and a strong footprint in over 35 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of more than 50 offices.